Petrol price reduced to Rs377.78 per litre; diesel retained at Rs380.78 for next fortnight
People on their motorbikes wait for their turn to get fuel at a petrol station, hours before fuel prices are raised in Pakistan, amid the U.S.-Israeli conflict with Iran, in Karachi, Pakistan, April 30, 2026. Picture taken with a mobile phone. REUTERS
The government on Friday once again reduced the price of petrol, cutting it by Rs4 per litre while leaving the rate of high-speed diesel unchanged for the next fortnight.
According to a notification issued by the Ministry of Energy’s Petroleum Division, the price of motor spirit (petrol) has been reduced by Rs4 per litre, while the price of high-speed diesel has been retained at Rs380.78 per litre.
Following the reduction, petrol will now be available at Rs377.78 per litre.
Read: Govt slashes petrol, HSD by Rs22 in ‘Eid gift’ for people
This marks the fourth consecutive reduction in fuel prices in as many weeks. Last week, the government reduced the prices of petrol and diesel by Rs22 per litre, describing the move as an “Eid gift” for the public.
The latest reductions come months after a sharp surge in petroleum prices triggered by regional tensions. The United States and Israel launched attacks on Iran in February, after which Tehran retaliated with strikes and closed the Strait of Hormuz, disrupting global oil supplies and pushing up international oil prices.
As global oil prices surged, the government raised domestic fuel prices by more than 50pc. Petroleum product rates were increased twice during the first week of March, with the government stating that the hikes exceeded the increase in international market prices. The sharpest increase, however, was witnessed in April.
In April, the government raised the petrol price by Rs137 per litre, taking it to a record Rs458.4 per litre. Days later, Prime Minister Shehbaz Sharif announced an Rs80 per litre reduction in the petroleum levy on petrol, bringing its price down to Rs378 per litre.
Last month, the government again increased the prices of both petrol and high-speed diesel by Rs26.77 per litre despite no corresponding increase in international rates, after imposing an additional levy of nearly Rs27 per litre on fuel. A week later, petroleum product prices were increased once again, pushing rates close to Rs400 per litre. Subsequently, the Petroleum Division issued another notification earlier this month, raising prices by nearly Rs15 per litre.
Since then, however, the government has reduced petrol prices in successive revisions, saying the cuts were aimed at providing relief to the public and easing their financial burden.
